Provident Financial Holdings, Inc. (NASDAQ:PROV) insider David Weiant sold 3,000 shares of the stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $18.06, for a total transaction of $54,180.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of Provident Financial Holdings, Inc. (PROV) traded down $0.07 on Wednesday, hitting $18.11. 14,600 shares of the stock traded hands, compared to its average volume of 14,742. Provident Financial Holdings, Inc. has a twelve month low of $17.62 and a twelve month high of $20.35. The firm has a market capitalization of $135.95, a P/E ratio of 138.78 and a beta of 0.03. The company has a quick ratio of 1.01, a current ratio of 1.11 and a debt-to-equity ratio of 0.92.
Provident Financial (NASDAQ:PROV) last posted its quarterly earnings results on Monday, January 29th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. The firm had revenue of $14.49 million during the quarter, compared to analysts’ expectations of $15.40 million. Provident Financial had a net margin of 1.63% and a return on equity of 3.94%. During the same period in the prior year, the company posted $0.18 earnings per share.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Tuesday, February 20th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $0.56 annualized dividend and a yield of 3.09%. Provident Financial’s dividend payout ratio is currently 430.80%.
A number of hedge funds and other institutional investors have recently bought and sold shares of PROV. Stilwell Value LLC raised its holdings in Provident Financial by 1,345.4% during the second quarter. Stilwell Value LLC now owns 8,747,970 shares of the financial services provider’s stock worth $8,748,000 after purchasing an additional 8,142,730 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Provident Financial by 66.3% during the third quarter. JPMorgan Chase & Co. now owns 85,161 shares of the financial services provider’s stock worth $1,671,000 after purchasing an additional 33,951 shares in the last quarter. Deutsche Bank AG raised its holdings in Provident Financial by 93.2% during the fourth quarter. Deutsche Bank AG now owns 41,016 shares of the financial services provider’s stock worth $753,000 after purchasing an additional 19,788 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Provident Financial by 5.1% during the fourth quarter. Renaissance Technologies LLC now owns 394,723 shares of the financial services provider’s stock worth $7,263,000 after purchasing an additional 19,023 shares in the last quarter. Finally, State Street Corp raised its holdings in Provident Financial by 11.8% during the second quarter. State Street Corp now owns 93,510 shares of the financial services provider’s stock worth $1,801,000 after purchasing an additional 9,890 shares in the last quarter. 58.67% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently weighed in on PROV shares. Sandler O’Neill reiterated a “hold” rating and set a $19.00 target price on shares of Provident Financial in a research note on Wednesday, January 31st. Hovde Group set a $20.00 target price on shares of Provident Financial and gave the stock a “hold” rating in a research note on Monday, February 5th. Finally, TheStreet downgraded shares of Provident Financial from a “b-” rating to a “c+” rating in a research note on Friday, February 2nd.
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Provident Financial Company Profile
Provident Financial Holdings, Inc is the holding company of Provident Savings Bank, F.S.B. (the Bank). The Bank is a federally chartered stock savings bank. The Company operates through two segments: Provident Bank and Provident Bank Mortgage (PBM). The Bank’s operations primarily consist of accepting deposits from customers within the communities surrounding the Bank’s full service offices and investing those funds in single-family loans, multi-family loans, commercial real estate loans, construction loans, commercial business loans, consumer loans and other mortgage loans.
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